Bangladesh, July 17 -- Bangladesh Bank (BB) on Thursday introduced a special exit policy allowing finance companies to recover and adjust non-performing loans (NPLs) through one-time settlements in an effort to reduce classified loans and improve liquidity in the financial sector.Flood relief donations
The policy is aimed at borrowers whose businesses, industries or projects have suffered due to circumstances beyond their control, enabling them to settle outstanding liabilities under a special arrangement, said a BB circular on Thursday.
Under the policy, borrowers must repay their entire outstanding principal in a single installment. While finance companies are not allowed to waive the principal amount, they may waive accrued interest af...